Cost Efficiency Characteristics of British Retail Banks

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In this article the cost efficiency characteristics of the British retail-banking sector are investigated. Distribution-free cost efficiency, economies of scale, economies of scope and cost complementarities are all measured. The study employs a one way fixed effects model with a translog specification of productive technology. Both 'production' and 'intermediation' models of bank production are employed and contrasted. Overall, increasing and a low level of dispersion of cost efficiency are observed in this most important commercial sector.
Original languageEnglish
Pages (from-to)159-174
JournalService Industries Journal
Volume21
Issue number2
DOIs
Publication statusPublished - 2001
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